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<br /> � ti.ASSIGINMENT OF�.EA3E8. Upon Leatder's reqaest,Dorrower eha11 assign to Lendcr all teases of tho
<br /> ,. Property and all securIty deposits mnd�in connecflon wlth leases nf the Propeny.Upoa the agsigament,Lender ..
<br /> .".�� shall bavo the dght to modify.a�ctend or tenninaus tho exisdng leases and w e�cecuta new leases�in Lender's sole
<br /> . discretion.As used in tbla paragraph 0.the word"lrase"shell mean "subleaso"IE tltB.c+OCU[Ily I[131NQ1C11[1S OA 8
<br /> lea�ehold. �
<br /> H. A6SIGNMGNT OF REWT6i APPOINTMF•NT OF RECENER; LENDER 1N P033ESSION.
<br /> � Borrower absolutely and nacandIdonaUy assigns and uansfeas W Lender sU tha rents and revenuss("Rents")of the
<br /> .. propaty�rogardless of to whom the Reats of the Prope�ty are paS�abl�. Bormwer author(zas Lender or L�ender's
<br /> , . egents to collxt the Rents.end e�rees that each tenant of the Property shsU pay the Rente Go Lender or Lender's
<br /> . � agente.However.Borrower shall mceive the Rents undl(i)Lender has given Honower aadce of defauii pursuent w
<br /> , . pa:agcaph 21 of tho Securlty Instnunent and(iI)Lender has glvea aodce� the teaant(s)tbat the Rents are m be " ,
<br /> . � paid to Lendearr or L.ender's ageat '11us assl8ament of Rents consdtutes en absolute essigc►mer►t and aot an ,�;'�_:,.
<br /> : .. _ assigament far eddidonal securtty oNy.
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<br /> . _ If Lc�ecicr gi les nodce of bm�ch to Bonower:(i)all Rents rece�vcd�by Borrower sdall be held by Borrower as ;;,_:;:::
<br /> _. uustee fur tho bene6t of I.ender oWy.w be applied to tha sums secures!by th�s SecucIty Insuuracn�(in Lendea shail `.�-.
<br /> :�;:`•;;,, be endtled to oollect end recelvo all of tbe ltents of tha Pmperty: (Iii) Borrower a�rees tbat each tenant of the
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<br /> . � ; � �:'.��.;.. progerty► shall pay aU Rents dne and unpaid w I�ender or I.enda's agents upon I.endea's wriuen demand to the .
<br /> .. ;:ti:.�j tenan�(iv) unless apPllcablo law pmvides o2hetwise.all Rents collected by Lender or Lendet's agents shall be
<br /> applied first W the costs of midng control of and mansgin8 the proPeriY a�d cauecdng t�g Rents,ancluding,but aot .�,�.
<br /> .. ' '�` I[mited to�auomeys' fees.receiver's foes,Premiums an rc�ceiver's bonds�rePair and maiatenance wsta�insu�nce ,���:
<br /> ' �-� premiwna�taxes. assessmeats end other charges on the Prope�ty�and tben ro tho sums secured by the Security .�;,E:.
<br /> .. „ � �.' Iasuumen�(�)L�eader,Lenda's agen�or any judicially appointed receiver sbelt be llable W sccount for oNy those „"`:
<br /> Rents actually c�eceived;and(vl)Lender shaU be ent[ticd to hnve a r�xeiver appointed to taka pas�ESSion of and ������:
<br /> »�. • •6 ., .� :- marmge the Proputy and witcxt the R«�w�cd�oftts ttrr�vu!fsam she PncgetlY s�ithout 8ny shQwing�s i�t tlu� �,°
<br /> .. • 'r' inadequ�cyr of the Prope�ty aa securlty. G�`�'
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<br /> If the Rentu o� 1he Propeity aro not suf8cient to cover 1he aosts of taYing con�ol of and�B�a
<br /> ' ' ��� Propcaty end of calle+cdn the Rents en fartds ex ded b Lcnder for such urpas�s shall bocama i n d e b t o d ness a f E.�:'
<br /> cdng Y P� Y P r=_
<br /> � ��� Borrower to Leadec s�ocured by tha Socurity Inswmenc pursuant w Untform Covenant 7. �_-
<br /> .`' Sorrowa r e p r e s c a us aad warranta that Borrower hes not e�cecuud anY�Or asslgnme+►t of the Rents and has �.
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<br /> �=. s�..��,:a� , not and will not peiform any act that would prevent Lender fnom exercising ita rights under this paragraph. � --
<br /> . �.��•: � . Lendcr�or Leader's egeab or a judiclaUy appointed roceiver.shall not be reQutred to cata upon.take contrnl �_
<br /> ,.. . , ���� of or maiatain the Prapeity before or after gtvin8 aotice of default to Boreower.Iiowever.Lead��or Lrender's �:._
<br /> .. .,. . �- ��± agents or a judtcialiy appointed reoeiver.may Qo so at any dme whea a default acc�rs.My applicadon of Rents c^�
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<br /> � � . . sha11 noi cure or aaive any default or i�valldate rnny other rlght or mmedy of Lender.TUis assignment of Rents of _
<br /> �=�ti�=:;:;::''"';•� the Pmpercy shall te�minate when all the sums seaured by We Securiry Insuument ara paid in full. _°-
<br /> ::. ... �.,�. I.CROSS-DEFAUi.T PROVISION. Borrower's defeult or bnach under any nou or agreement in E�.;�,
<br /> •T�_�=`;,'"�F�� which Lender has an late�rest ahall be a bmach onder the Secunty Iqstcument and Lendet may invoke aay of the t°Y�;�:
<br /> =-- :'.. remedtes pem�ittesiby the SecurIry Instnuuent `-=:=
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<br /> �i i:.�'.'.'�+i BY SYGNII�iti BELOW�Bmrowea accepts and agrees to die terars and provislons contalnod in thLg 1-4 Family ri_._
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